Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

New Zealanders Still Paying For Confidence Crisis

It's no surprise that business confidence has dipped again and remains firmly entrenched in pessimistic territory, National Finance spokesperson Bill English said today.

"Businesses and families are taking a hammering as costs rise and the low dollar erodes New Zealanders' real wealth. And there's no sign at all that the Government is taking notice of peoples' worries

"The continued pessimism is costing growth and jobs. We have already seen 10,000 jobs lost in the last six months, and there are widespread market expectations of a fall in GDP when June quarter data is released on Friday.

"Expectations are that the economy may be starting to recover, but with both business and consumer confidence negative, any pick-up in growth will remain well below the economy's potential.

"Pricing expectations are a major concern in the National Bank survey. A net 44% of businesses expect to raise prices in the next year. This includes a net 70% of businesses in the retail sector.

"Trends like that show that the pressure on household budgets from higher prices is really only beginning.

"New Zealanders are paying for the Government's bad policies. Dr Cullen doesn't even want to know about that, let alone do anything to solve the problem," Mr English said.

Ends

A printable formatted copy of this press release will be available on http://www.national.org.nz along with an archive of previous releases.


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says.

Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders.

US President Donald Trump is kicking off his week at the UN by holding an event to promote the US document called the Global Call to Action on the World Drug Problem. More>>

 

Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>

ALSO:

Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>

ALSO:

Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>

ALSO:

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels